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Rabobank's Q1 2021 Poultry Report sees further challenges for the global poultry industry in 2021, including COVID-19 impacts on foodservice and trade, high and volatile feed prices, China's African swine fever recovery, and northern hemisphere avian influenza. Declining poultry demand in China and Vietnam is expected to push traders to seek other markets.
Weak export demand and low leg and breast prices point to soft chicken values, while high grain and oilseed costs squeeze feed-based margins.
meatpoultry.comRyan McCarthyDec 23, 2020Not enough comparable past events yet for a historical read.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
